Conducting an Audit of Direct Compensation Programs |
Contents
Overview of the Compensation Audit Process | 4 |
Conducting an Internal Review of Compensation Programs | 10 |
Developing an Audit Report and Action Plan | 17 |
Copyright | |
Common terms and phrases
action plan analysis annual incentive Approach to Designing assess award opportunities base salary based on performance benchmark positions benchmark sample business/functional areas Compa-ratios compensation audit compensation guiding principles competitive markets Design features determine direct compensation guiding direct compensation levels direct compensation program Employee Benefits Employee communications Employee focus groups employees understand Executive Interviews executive positions extent External Competitive Review feedback fixed salary expenses human resources Incentive Plans individuals been adequately Internal Review job evaluation lines of business/functional long-term incentive compensation long-term performance objectives long-term variable pay organization's direct compensation organization's philosophy overall pay-for-performance peer group percent performance results Plans ISBN policies position level program audit Program ISBN range or broadband reflect the organization's regression analysis reinforce relationship require the organization Review of Compensation reviews of specific salary plus annual Salary Program Salary range midpoint Stock Option Task Force Total cash compensation variable compensation variance analyses versus market